“I think the pipeline master limited partnerships could be terrific places to wait out this rocky market because of their fabulous yield protection,” Cramer said, highlighting Energy Transfer Partners as an example.

The Dallas-based company is one of the largest pipeline operators in the United States, Cramer said. Its stock pays a juicy 8 percent dividend yield, too.

To learn more about the company’s prospects, though, Cramer welcomed CEO Kelcy Warren onto Thursday’s show. Check out the video to see the full interview.